GE's NBCU 3rd-Quarter Profit Down 15%

GE this morning reported its 3rd quarter earnings for NBC Universal and revenues were flat at $4.1 billion with operating profit down 15%. “But NBCU revenue and operating profit were favorable compared to the year-ago period after adjusting for 2009 transactions without comparable events in 2010,” the parent company said. GE is selling a majority stake in NBCU to Comcast in a deal still waiting for U.S. regulatory approval.